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Trading Major Lines

  • #1,321
  • Jun 22, 2011 4:59pm Jun 22, 2011 4:59pm
FOMC announcement brought it all back down!
First NU position still alive at +75 pips though.
  • #1,322
  • Jun 22, 2011 5:50pm Jun 22, 2011 5:50pm
Quoting tradista
FOMC announcement brought it all back down!
First NU position still alive at +75 pips though.
I've been aboard the long Kiwi bus, too! +21 pips from my BE at the moment. *crosses fingers because it looks like it's going to be a bumpy ride*
  • #1,323
  • Jun 22, 2011 6:47pm Jun 22, 2011 6:47pm
Quoting jasonc1213
I've been aboard the long Kiwi bus, too! +21 pips from my BE at the moment. *crosses fingers because it looks like it's going to be a bumpy ride*
I'm with you on the bumpy ride
  • #1,324
  • Jun 23, 2011 1:59am Jun 23, 2011 1:59am
When I establish a free-ride trade,first thing I do is trying to forget that trade for at least a week while I start looking for new setups.
Because if you build such position ,your mission is completed until it grows something big like 500,1000,2000 pips etc..
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  • #1,325
  • Jun 23, 2011 12:38pm Jun 23, 2011 12:38pm
kiwi had some trouble to move up but just gave me another long opportunity to enter..
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  • #1,326
  • Jun 23, 2011 2:01pm Jun 23, 2011 2:01pm
Quoting nomask
kiwi had some trouble to move up but just gave me another long opportunity to enter..
this long position ended with small loss but still acting funny
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  • #1,327
  • Jun 23, 2011 2:27pm Jun 23, 2011 2:27pm
u r great no mask , keep posting
  • #1,328
  • Jun 24, 2011 5:21am Jun 24, 2011 5:21am
hello dear nomask, please look at this link and what is your opinion that system? thanks!
http://www.forexfactory.com/showthread.php?t=291594
  • #1,329
  • Jun 24, 2011 5:46pm Jun 24, 2011 5:46pm
This is a great thread, I like the method and your simple, easy to understand approach to trading. I am looking for good signal candles for next week, GBPJPY and EURCHF short bias will be watching these pairs for opportunities to sell.

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Anyone looking for opportunities to open new positions next week on other pairs?
  • #1,330
  • Jun 24, 2011 5:59pm Jun 24, 2011 5:59pm
All markets acting very choppy. All my positions closed as I can't quite see clearly with all this mess going on!
I guess it is better to hold on for a while.
Nomask, what would be your recommendation?
  • #1,331
  • Jun 26, 2011 1:31am Jun 26, 2011 1:31am
Looking at a chart one way, it seems difficult to trade down to 1.20.
Yet look at it With Graeme's 00 method and it is a lot easier.
Attached Image(s) (click to enlarge)
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  • #1,332
  • Jun 26, 2011 1:39am Jun 26, 2011 1:39am
Hello Nomask

Please will you pass your comments on GBPUSD this week if you are trading short.


thanks
Frank
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  • #1,333
  • Jun 26, 2011 1:52pm Jun 26, 2011 1:52pm
Anyone see any good pairs to watch for this week? I'm having some trouble finding something good this time around...
  • #1,334
  • Jun 26, 2011 3:42pm Jun 26, 2011 3:42pm
Quoting jasonc1213
Anyone see any good pairs to watch for this week? I'm having some trouble finding something good this time around...
I'm looking at gbpusd. For P.A. it's a double bottom...significant support area...so that is a concern to break thru, but it is a bold bearish candle and it crossed and closed below 1.6 on the weekly. I can see it going either way but will see what developes on the 4hr next...
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  • #1,335
  • Jun 26, 2011 4:44pm Jun 26, 2011 4:44pm
On the 4hr, I have marked 2 prior areas of support that line up with the 38% fib...good confluence for support turning into resistance to strengthen our short hindsight bias. That is the area I'll be watching for a setup candle to move down to the 5min chart should price pull up into that area (between 1.6050-1.6100). Otherwise, will be open to other possibilites that develope instead...
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  • #1,336
  • Jun 26, 2011 4:53pm Jun 26, 2011 4:53pm
Quoting Sweet Pip
On the 4hr, I have marked 2 prior areas of support that line up with the 38% fib...good confluence for support turning into resistance to strengthen our short hindsight bias. That is the area I'll be watching for a setup candle to move down to the 5min chart should price pull up into that area (between 1.6050-1.6100). Otherwise, will be open to other possibilites that develope instead...
todays pivot is at 1.59850 very close to your area you mentioned, could make for a very interesting price action and a short oppertunity
  • #1,337
  • Jun 27, 2011 3:14am Jun 27, 2011 3:14am
Quoting tradista
All markets acting very choppy. All my positions closed as I can't quite see clearly with all this mess going on!
I guess it is better to hold on for a while.
Nomask, what would be your recommendation?
Although all my hindsight came true,i didn't get any position survived.Most died at b.e and a few small losses i had.That just happens from time to time.Nothing you can do.wash rinse and repeat all we can do and learn from our mistakes if any made within this period.
  • #1,338
  • Jun 27, 2011 3:16am Jun 27, 2011 3:16am
Quoting fatih
hello dear nomask, please look at this link and what is your opinion that system? thanks!
http://www.forexfactory.com/showthread.php?t=291594
zero net loss trading?
not sure if it sounds realistic.no such thing in ff like "zero loss" imho..and at the first glance it seemed one of those martingaleish systems which can be a total disaster for a trader.But had not enough time to analyse that system.don't want to be unfair.
  • #1,339
  • Jun 27, 2011 3:17am Jun 27, 2011 3:17am
Quoting extremerrage
u r great no mask , keep posting
Quoting Vaydon
This is a great thread, I like the method and your simple, easy to understand approach to trading. I am looking for good signal candles for next week, GBPJPY and EURCHF short bias will be watching these pairs for opportunities to sell.

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Anyone looking for opportunities to open new positions next week on other pairs?
thank you guys..I'll be posting my charts soon
  • #1,340
  • Jun 27, 2011 3:18am Jun 27, 2011 3:18am
Quoting RED-Dragon
Hello Nomask

Please will you pass your comments on GBPUSD this week if you are trading short.


thanks
Frank
This is one of the charts that I'm just about to post..but for a quick response..I'm biased short on this pair.
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